TARGET GROUP | Junior to mid-level government officials in ministries of economy, planning, and finance, treasuries, central banks, independent fiscal agencies, and other agencies involved in the analysis, design, conduct, and assessment of fiscal policy. Participants are expected to have a degree in economics or finance or equivalent work experience, good quantitative skills, and proficiency in the use of computers to analyze data. It is strongly recommended that applicants have completed the Financial Programming and Policies (FPP) and the Fiscal Policy Analysis (FPA) course before enrolling in this course. Familiarity with Microsoft Excel is essential as many workshops are conducted in Excel.
DESCRIPTION | This two-week course, presented by the IMF’s Institute for Capacity Development, starts by reviewing the role of government and the objectives of fiscal policy; revisits essential macrofiscal tools and methodologies; and identifies a country’s fiscal framework as the set of institutions that design and conduct fiscal policy. The course stresses the need for high-quality information, transparency, and responsibility in order to hold governments accountable for their medium- to long-term fiscal objectives. The course concludes with thematic presentations by participants.
Course Objectives: Upon completion of this course, participants should be able to:
• Describe recently introduced institutions to enhance fiscal policy effectiveness.
• Critically assess the quality of data for fiscal policy.
• Design fiscal rules for specific national problems.
• Use an in-year tool to monitor fiscal performance.
• Contribute to building a medium-term budget (for consolidation or stimulus) while limiting recession risks and respecting sustainability.